Key West, FL Housing Market
Market data powered by Zillow Research. Last updated: 2026-04-02
Key West, FL is a cooling market — favorable for buyers.
- •Prices have declined 3.4% — a strong buyer's market with room to negotiate.
- •Price-to-rent ratio: 22.1 — renting may be more affordable in the near term.
Median Home Value
$936,910
ZHVI
Year-over-Year
-3.4%
Price change
5-Year Change
+41.7%
Since 2021
Median Rent
$3,530/mo
ZORI
Active Listings
1,476
For sale
State Avg
$372,755
Florida
Home Value Trends
5-year Zillow Home Value Index for Key West, FL vs. state and national averages.
Rent Data
Median Rent
$3,530/mo
Rent YoY Change
-1.4%
Other Markets in Florida
Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.